Efficiency under contractual incompleteness often requires voluntary cooperation in situations where self-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the gift-exchange game of how explicit and implicit...

Efficiency under contractual incompleteness often requires voluntary cooperation in situations where self-regarding incentives for contractual compliance are present as well. Here we provide a comprehensive experimental analysis based on the gift-exchange game of how explicit and implicit...

The present study investigates the relationships between consumer categorization of organic versus non-organic food products, consumers’ underlying perceptions of organic food, and their propensity to consume organic foods. A choice experiment is used to test these relations in a case study...

A number of studies, covering agricultural and industrial sector in India, reveal that female workers are usually ill paid compared to their male counterparts. In this study, we focus on wage-productivity differential between males and females in the unorganised service sector. It is found that...

In a social network, agents have their own reference group which may influence their behaviour. In turn, the agents' attributes and their behaviour affect the formation and the structure of the social network. This paper surveys the econometric literature on both aspects of social networks, and...

The purpose of the present paper is to demonstrate how the interaction of the structural axiomatic core and the behavioral propensity function produces plausible outcomes in the product market. The propensity function is a compact formal expression of random, semi-random, and deterministic...

Incentive regulation and efficiency analysis of network utilities often need to take the effect of important external factors, such as the weather conditions, into account. This paper presents a method for estimating the effect of weather conditions on the costs of electricity distribution...

Electricity power grid operations require information about demand and supply on a variety of timescales and areas. The advent of significant generation contributions by time variable renewable energy sources means that forecasting methods are increasingly required. Some of the earliest...